13 replies to this topic

[hiker]

or will a later pullback to .38 retrace (near 1419) of the bounce occur?

Edited by hiker, 20 August 2007 - 11:21 AM.

[eminimee]

Here's an abstract thought...we completed a wave 1 of an ED...or maybe even half of it...and now in either a b (of 1) or a 2 wave pull back.....a double top target would be close to 1392 fwiw

http://stockcharts.com/c-sc/sc?s=$SPX&p=5&yr=0&mn=0&dy=4&i=p83797310860&a=93322579&r=4233.png

[hiker]

in the category of a gamble trade...today XLF low is below the .382 retrace of the bounce from 31.51. long near XLF today's low short flip to long, SPY near SPX 1432 major horiz...with tight leash

[relax]

hi guys have a question today vix is down 5 per cent as markets is dropping isn't this negative - as it shows that the move down is not panic how should it be interpreted Thanks

[peregrine]

today vix is down 5 per cent as markets is dropping isn't this negative - as it shows that the move down is not panic how should it be interpreted fwiw....One interpretation is that VIX and VXN are still in uptrends (bearish), but are merely dropping back to their upsloping 10 dema.

[hiker]

at this point approx SPY 142.50 may come into play again, but a move below 143.29 needs to be seen first 260day ema for SPX is 1429.6..right at new low of day area

Edited by hiker, 20 August 2007 - 12:28 PM.

[hiker]

in recent days, intraday positioning..short or long... has been guided by which side of the 260day ema price continues to move:

[hiker]

stop on XLF and SPY long moved up. was "badly" underwater XLF for a while (lod was 33.58 so far)

Edited by hiker, 20 August 2007 - 12:57 PM.

[hiker]

SPY 15minute chart - powerful move down as seen in the distance between 5 and 15sma's..the 5sma is attempting in recent candles to curl up, but this can easily fail to continue if a candle close below 143.29 occurs the move back up to 144+ failed to move above the 15sma no candle closes yet on the 15 minute below low of day at 143.29 200sma on the 15min chart resides below low of day..incl extended sessions on chart

Edited by hiker, 20 August 2007 - 01:07 PM.

[hiker]

260day ema on another market avg -